Cash 240,000

Accounts Receivable 480,000

Allowance for Uncollectible Accounts 48,000
Inventories 600,000
Prepaid Expenses 72,000
Land 600,000
Buildings and Equipment 1,800,000
Accumulated Depreciation—Buildings and Equipment 240,000
Accounts Payable 360,000
Accrued Liabilities Payable (including income taxes) 240,000
Capital Stock 2,400,000
Retained Earnings 504,000
3,792,000 3,792,000

Cash Budget Income statement

Beginning Cash 240000 Sales

Cash collections COGS
This month 2400000 Gross margin
Prev. month 432000 2832000
Total cash av. 3072000 Op. expenses
Selling exp
Cash Disbutsements Purchasing exp
Acc. payable 360,000 Adm. exp
Acc. liab 168,000
Current acc. payable 1776000 Operating income
Current acc. liabilities 451200 Tax
Prepaid exp 96000 Net income
Total disbursements 2,851,200
Minimum cash bal. des. 240000
Total cash needed 3,091,200
Cash def. - 19,200
Financing 19200
Cash balance end 240,000
sales
2009 2010 I Qrt 2010 II Qrt
2400000 3000000 4800000 purchases
Budgeted COGS 1800000
End. Inventory 960000
Total need 2760000
Beg. Inventory 600000
Purchases $ 2160000
current acc. payable 2220000
prepaid 72000

Balance sheet

3000000 Cash 240,000

1800000 Accounts Receivable 648,000
1200000 Allowance for Uncollectible Accounts
Inventories 960,000
Prepaid Expenses 108,000
360000 Land 600,000
192000 Buildings and Equipment 1,800,000
240000 792000 Accumulated Depreciation—Buildings and Equipment
Accounts Payable
408000 Accrued Liabilities Payable (including income taxes)
163200 Notes Payable
244800 Capital Stock
Retained Earnings
4,356,000
 108,000

276,000
444,000
360,000
19,200
2,400,000
748,800
4,356,000